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Energy Ministry’s Unpaid Bills Rise

Energy Ministry’s Unpaid Bills RiseEnergy Ministry’s Unpaid Bills Rise

Approximately $454 million is added to the Energy Ministry's debt to the private sector every year, the Energy Ministry’s spokesman for the power department said.
"Although the ministry paid $1 billion of its dues to private contractors last year, it still owes them an estimated $2.7 billion," Mostafa Rajabi Mashhadi was quoted as saying by ISNA Sunday.
Privately-owned power plants purchase one cubic meter of natural gas for 0.04 cent and convert it to power [based on energy conversion agreements]. The electricity is sold to the ministry at 0.9 cent per kilowatt hour and this is while consumers are charged as low as 0.6 cents for the same amount. 

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